LI vs CHEN
[2011] 1 CMCLR 79
BAO’AN DISTRICT PEOPLE’S COURT OF SHENZHEN(CIVIL JUDGMENT)
Sales of second hand house – adjustment of Chinese government real property market policy – Central Bank raised the mortgage down payment for second-home buyers from 30% to 40% – the complaint cannot obtain loan from the bank – whether the change of government mortgage down payment policy can be viewed as force majeure